Lee Cohen Of RedHoek Sells Brooklyn Condo For $7.5M With Broker Jenny Braha Mizrahi
346 Avenue U
$7,500,000
$2,773/SF
Building Size
2,704 SF
Asset Type
Condo
Closing
Oct 27, 2024
About this deal
AI
The property involved in this transaction is a condo located at 346 Avenue U Unit in Brooklyn. The asset was sold for a total of $7,500,000. It encompasses a total area of 2,704 square feet, resulting in a price per square foot of $2,773.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,500,000
- Square Footage: 2,704 SF
- Price Per Square Foot: $2,773
- Seller: Lee Cohen - RedHoek - Opal Residences
- Broker: Jenny Braha Mizrahi - JBM
- Date of Transaction: 10/27/2024
Lee Cohen represented by RedHoek and Opal Residences completed the sale while Jenny Braha Mizrahi from JBM acted as the broker for the transaction. This partnership facilitated the closing of this property deal in the specified timeframe.
On the Map
$7,500,000
$2,773/SF
Condo
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Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.8K per square foot on a published $7.5M for 2,704 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93